After costs, if the gap returns to its 7d average, $10k−$56
spread now+0.125%7d average+0.112%fees + slippage, in and out−$57spread needed0.571%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex AAVEUSDT | 143.53 | 0.0100 | pay 0.0100% / 8h | 7h 03m | $4.0M | $3.8M | 50x |
| Short | Lighter AAVE | 143.71 | 0.0096 | get 0.0012% / 1h | 3m 09s | $4.7M | $1.8M | 10x |
Phemex AAVEUSDT
Lighter AAVEPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $12.54
- Funding while held
- −$0.12
- Slippage, 4 orders
- −$45.14
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$44.72
- Spread needed to break even
- 0.571%
Slippage from Phemex: live order book, 2 min ago; Lighter: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0004%
- Per $10,000 a day
- −$0.12
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Phemex live order book, 2 min ago | 3.14 bp | 21.2 bp −$21 | 29.3 bp −$293 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 2.19 bp | 11.1 bp −$11 | 26.4 bp −$264 | 72.4 bp −$7,241 | doesn't fit |
AAVE price on every exchange
against the cheapest. Click to use as the short leg.Injective136.96cheapestApeX Omni143.38+4.688%Bitget143.46+4.746%OKX143.47+4.753%Bybit143.50+4.775%BloFin143.52+4.790%Binance143.52+4.793%Bulk143.53+4.794%
Injective
ApeX Omni
Bitget
OKX
Bybit
BloFin
Binance
BulkPhemex143.53+4.797%
edgeX143.53+4.799%Gate143.54+4.804%MEXC143.54+4.804%BingX143.54+4.804%Backpack143.55+4.812%SoDEX143.55+4.812%Nado143.56+4.815%Extended143.56+4.822%SunX143.56+4.822%Reya143.56+4.822%Orderly143.57+4.826%Kalshi143.60+4.848%Aster143.62+4.861%KuCoin143.62+4.863%Deribit143.62+4.863%Variational Omni143.63+4.867%Paradex143.63+4.870%01 Exchange143.63+4.870%Pacifica143.63+4.873%RISEx143.64+4.875%Hyperliquid143.64+4.877%Arcus143.64+4.877%Aevo143.65+4.882%Phoenix143.65+4.885%HTX143.66+4.890%Polymarket Perps143.67+4.899%GMX143.68+4.904%gTrade (Gains Network)143.70+4.920%dYdX143.71+4.925%
Gate
MEXC
BingX
Backpack
SoDEX
Nado
Extended
SunX
Reya
Orderly
Aster
KuCoin
Deribit
Variational Omni
Paradex
Pacifica
RISEx
Hyperliquid
Arcus
Aevo
Phoenix
HTX
Polymarket Perps
GMX
gTrade (Gains Network)
dYdXLighter143.71+4.928%
Kraken Futures143.72+4.938%Coinbase International143.76+4.965%
Kraken Futures
Coinbase InternationalAAVE on 41 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective AAVE/USDC PERP | −4.577% | +0.0033% | 1h | $422 | $145K | 12x | as long as short |
| ApeX Omni AAVEUSDT | −0.105% | +0.0100% | 1h | $133K | $239K | 50x | as long as short |
| Bitget AAVEUSDT | −0.049% | +0.0100% | 8h | $29.5M | $16.3M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | −0.042% | +0.0074% | 8h | $17.8M | $63.0M | 50x | as long as short |
| Bybit AAVEUSDT | −0.021% | +0.0100% | 8h | $61.2M | $62.3M | 75x | as long as short |
| BloFin AAVE-USDT | −0.007% | +0.0215% | 8h | $3.6M | $5.6M | 100x | as long as short |
| Binance AAVEUSDT | −0.004% | +0.0095% | 8h | $65.0M | $173.4M | 75x | as long as short |
| Bulk AAVE-USD | −0.003% | +0.0100% | 1h | $58K | $512 | 10x | as long as short |
| Phemex AAVEUSDTlong | 0.000% | +0.0100% | 8h | $4.0M | $3.8M | 50x | |
| edgeX AAVEUSDC | +0.002% | +0.0100% | 4h | $98K | $310K | 20x | as long as short |